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Kenyan central bank raises benchmark rate to 8.75 percent amid surge in inflation

STORY: Kenyan central bank raises benchmark rate to 8.75 pct amid surge in inflation DATELINE: Nov. 25, 2022 LENGTH: 0:01:41 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of Kenya 2. SOUNDBITE (English): PATRICK NJOROGE, Governor of the Central Bank of Kenya 3. various of Kenya STORYLINE: The Central Bank of Kenya (CBK) on Wednesday raised its benchmark lending rate to 8.75 percent from 8.25 percent amid rising inflation. Patrick Njoroge, CBK Governor, who chaired the Monetary Policy Committee (MPC) meeting noted that the current elevated global risks and their potential impact on the domestic economy provides scope for a further tightening of the monetary policy to anchor inflation expectations. SOUNDBITE (English): PATRICK NJOROGE, Governor of the Central Bank of Kenya "Number and percent, 9.6 percent. And you can see it's been driven largely by food and fuel prices, but largely food. So this is the contribution to overall inflation. So it is important to appreciate why it is we in, this is

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Kenya's president names new cabinet

STORY: Kenya's president names new cabinet DATELINE: Sept. 28, 2022 LENGTH: 00:01:44 LOCATION: Nairobi CATEGORY: POLITICS SHOTLIST: 1. various of cabinet meeting 2. various of press conference 3. SOUNDBITE (English): WILLIAM RUTO, Kenyan President 4. various of press conference STORYLINE: Kenyan President William Ruto on Tuesday named his nominees to the Cabinet to help steer the country after the Aug. 9 general elections. Ruto, who retained one serving cabinet secretary, appointed former deputy prime minister Musalia Mudavadi as the prime cabinet secretary, a newly created position. He also appointed the former Central Bank of Kenya (CBK) Governor Njuguna Ndung'u to be the cabinet secretary for the National Treasury. Ruto, who nominated current and former lawmakers to the Cabinet, said the prime cabinet secretary's office is the most senior after that of the President and deputy president's office. SOUNDBITE (English): WILLIAM RUTO, Kenyan President "We have again the other very important position and

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Kenya's apex bank opens Chinese-built tower

STORY: Kenya's apex bank opens Chinese-built tower DATELINE: May 29, 2022 LENGTH: 00:01:39 LOCATION: Nairobi CATEGORY: SOCIETY SHOTLIST: 1. various shots of the central bank of CBK Pension Towers 2. various shots of the Chinese built tower 3. various shots of President Kenyatta arriving for the launch 4. various shots of officials 5. SOUNDBITE 1 (English): UHURU KENYATTA, Kenyan President 6. various shots of the Chinese built tower 7. SOUNDBITE 2 (English): DOMINIC MWENJA, Chairman Board of Trustees of the CBK Pension Fund STORYLINE: The Central Bank of Kenya (CBK) on Thursday inaugurated its Chinese-built CBK Pension Towers, which are located at the heart of the country's capital city of Nairobi. The modern iconic architecture consists of twin towers that reach a height of about 110 meters. The two inter-connected office blocks have 27 stories and 24 stories above the ground respectively. Kenyan President Uhuru Kenyatta said at the inaugurating ceremony that the building's design is bold and distinct.

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